Why brokers should consider non-banks as lenders in 2015

Take a look at 10 quotes from the key players to give you a taste of what was discussed in our up-coming non-banks feature.

Take a look at 10 quotes from the key players to give you a taster of what was discussed in our up-coming non-banks feature.
 
MURRAY COWAN, OWNER, BETTER MORTGAGE MANAGEMENT
“We will be broadening our presence to those brokers who utilise non-banks/mortgage managers for full-doc, alt-doc and specialist lending solutions, and increasing our education and support for those brokers who may not have a mortgage manager on their list of preferred lenders, a situation which BMM is well positioned to capitalise on.
 
BARRIE GAUBERT, DIRECTOR, IDEN GROUP
“Our average loan term is now five years four months, and that has been built upon many years of consistency in our back-office service and communications to the customers of the brokers. Here they can still call the managing director. Try that at a bank.”
 
IAIN FORBES, DIRECTOR, AUSTRALIAN FIRST MORTGAGE
You are likely to see additional funding lines complemented by a broader BDM footprint. The idea is to increase our reach in our established markets, as well as increase our influence in new markets.”
 
RAY HAIR, GENERAL MANAGER SALES, HOMELOANS
“If we fail to deliver, we tarnish the reputation of the broker. We will therefore work to improve how we are positioned on the larger broker software platforms and improve our own website and tools to make it easier for brokers.”

MARIO REHAYEM, DIRECTOR OF SALES AND DISTRIBUTION, PEPPER MARIO REHAYEM,
“Our commitment to delivering quality education to brokers will continue this year. We are planning to further enhance our Better Business e-learning hub by launching new online educational modules that will be developed in conjunction with top-tier law firms, accounting firms, as well as Australian entrepreneurs.”

JONATHAN STREET, CEO, THINKTANK
“We have been working closely with our funding partners to introduce a broader range of eligibility to our commercial products, and the first stage of that process is nearing completion.

ROYDEN D’VAZ, NATIONAL MANAGER SALES, MARKETINGAND DISTRIBUTION, BLUESTONE MORTGAGES
“We are busy re-establishing past and new contacts with aggregators and brokers and we have been overwhelmed by the goodwill that still exists for the Bluestone Mortgages brand and its products. To assist with this growth we will be exploring innovative ways we can expand our product range and service niche groups that may be otherwise unable to secure finance.”
 
CORY BANNISTER, VICE PRESIDENT AND HEAD OF DISTRIBUTION, LA TROBE FINANCIAL
One of the challenges we have identified that needs addressing this year is to better articulate our offering and capabilities to brokers in order for them to better understand when and how we can assist their clients. Having one of the broadest product suites in the market means we can cater for almost any situation. How we communicate that in a succinct and focused manner is our challenge.
 
JOHN MOHNACHEFF, NATIONAL SALES MANAGER, LIBERTY FINANCIAL
“Through our partnership with LFI, one of Australia’s newest insurance companies, we will offer a broad range of innovative credit insurance solutions, including Mortgage Protection Insurance, Loan Protection Insurance and Vehicle Equity Insurance.”

ALLAN SAVINS, RESIMAC
“RESIMAC offers superior service to that of the banks. We not only offer quick turnaround times; brokers also benefit t from personalised service and the ability to speak directly to the credit decision-makers. These differences can be critical, particularly when trying to relay the complexity of a transaction to a loan assessor.”